Canadian stock market up Monday

TORONTO, Dec.18 (Xinhua) -- Canada's main stock index rose Monday due to rally in big banks and energy stocks as well as Valeant Pharmaceuticals International Inc, touching a record high.

The Toronto Stock Exchange's S&P/TSX composite index jumped 89.66 points, or 0.56 percent, to close the day at 16,131.64.

All of the index's 10 main groups were up.

The Canadian dollar added 0.09 cents to 0.77.76 U.S.dollar.

Valeant surged 4.6 percent to 26.56 Canadian dollars while Bombardier rallied 2.1 percent to 3.14 Canadian dollars.

BMO cut the rating on NewCastle Gold to market perform from outperform, NewCastle Gold retreated one cent, or 1.3 percent, to 0.75 Canadian dollars.

TD Securities raised the price target Enerplus Corp. to 17 Canadian dollars from 15 Canadian dollars. Enerplus shares gained 31 cents, or 2.9 percent to 10.93 Canadian dollars. Enditem